Banking Analyst Contracts

Banking Analyst
UK

The median Banking Analyst daily rate in the UK is £625 according to job vacancies posted during the 6 months to 1 June 2024.

The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years.

6 months to
1 Jun 2024
Same period 2023 Same period 2022
Rank 440 488 553
Rank change year-on-year +48 +65 +10
Contract jobs requiring a Banking Analyst 135 196 303
As % of all contract jobs advertised in the UK 0.31% 0.35% 0.35%
As % of the Job Titles category 0.34% 0.37% 0.36%
Number of daily rates quoted 82 142 186
10th Percentile £342 £363 £400
25th Percentile £478 £500 £472
Median daily rate (50th Percentile) £625 £575 £575
Median % change year-on-year +8.70% - +15.00%
75th Percentile £700 £700 £700
90th Percentile £850 £775 £750
UK excluding London median daily rate £356 £400 £450
% change year-on-year -11.00% -11.11% +12.50%

All Contract IT Job Vacancies
UK

The following table is for comparison with the above and includes summary statistics for all contract IT job vacancies. Most job vacancies include a discernible job title that can be normalized. As such, the figures in the second row provide an indication of the number of contract jobs in our overall sample.

Contract vacancies in the UK with a recognized job title 39,969 53,015 83,520
% of contract IT jobs with a recognized job title 92.83% 94.58% 95.35%
Number of daily rates quoted 25,870 37,031 58,844
10th Percentile £280 £313 £315
25th Percentile £409 £425 £425
Median daily rate (50th Percentile) £525 £540 £525
Median % change year-on-year -2.78% +2.86% +7.69%
75th Percentile £638 £650 £638
90th Percentile £750 £750 £738
UK excluding London median daily rate £488 £500 £475
% change year-on-year -2.50% +5.26% +10.21%
Number of hourly rates quoted 2,841 1,476 1,963
10th Percentile £12.86 £14.25 £12.50
25th Percentile £16.30 £19.06 £15.90
Median hourly rate £37.50 £45.00 £24.50
Median % change year-on-year -16.67% +83.67% +12.28%
75th Percentile £61.60 £65.75 £49.33
90th Percentile £73.75 £76.13 £65.00
UK excluding London median hourly rate £40.00 £42.50 £20.00
% change year-on-year -5.88% +112.50% +5.26%

Banking Analyst
Job Vacancy Trend

Job postings that featured Banking Analyst in the job title as a proportion of all IT jobs advertised.

Job vacancy trend for Banking Analyst in the UK

Banking Analyst
Contractor Daily Rate Trend

3-month moving average daily rate quoted in jobs citing Banking Analyst.

Daily rate trend for Banking Analyst in the UK

Banking Analyst
Daily Rate Histogram

Daily rate distribution for jobs citing Banking Analyst over the 6 months to 1 June 2024.

Daily rate histogram for Banking Analyst in the UK

Banking Analyst
Contractor Hourly Rate Trend

3-month moving average hourly rates quoted in jobs citing Banking Analyst.

Hourly rate trend for Banking Analyst in the UK

Banking Analyst
Top 12 Contract Locations

The table below looks at the demand and provides a guide to the median contractor rates quoted in IT jobs citing Banking Analyst within the UK over the 6 months to 1 June 2024. The 'Rank Change' column provides an indication of the change in demand within each location based on the same 6 month period last year.

Location Rank Change
on Same Period
Last Year
Matching
Contract
IT Job Ads
Median
Daily Rate
Past 6 Months
Median Daily Rate
% Change
on Same Period
Last Year
Live
Jobs
England +14 116 £625 +6.84% 7
London +20 106 £625 +5.49% 5
Work from Home +119 73 £625 +25.00% 4
UK excluding London +46 12 £356 -11.00% 1
Scotland +39 3 £335 -
North of England +25 3 £434 - 1
East of England - 3 £500 -
Midlands +23 2 £356 -11.00%
East Midlands +12 2 £356 -11.00%
North West - 2 £434 - 1
South East - 2 £433 -
Yorkshire +18 1 - -

Banking Analyst Skill Set
Top 30 Co-occurring Skills and Capabilities

For the 6 months to 1 June 2024, Banking Analyst contract job roles required the following skills and capabilities in order of popularity. The figures indicate the absolute number co-occurrences and as a proportion of all contract job ads featuring Banking Analyst in the job title.

1 135 (100.00%) Banking
2 110 (81.48%) Finance
3 47 (34.81%) Change Management
4 36 (26.67%) SQL
5 30 (22.22%) Python
6 29 (21.48%) Front Office
7 28 (20.74%) Service Management
7 28 (20.74%) Investment Banking
8 27 (20.00%) Social Skills
9 26 (19.26%) Derivative
10 24 (17.78%) Back Office
11 21 (15.56%) Asset Management
11 21 (15.56%) Investment Management
11 21 (15.56%) Hedge funds
12 18 (13.33%) Mentoring
12 18 (13.33%) C#
13 17 (12.59%) GAP Analysis
13 17 (12.59%) Agile
14 15 (11.11%) ITSM
14 15 (11.11%) ITIL
15 14 (10.37%) Microsoft Excel
15 14 (10.37%) Data Analysis
15 14 (10.37%) Business Analysis
16 13 (9.63%) Foreign Exchange (FX)
16 13 (9.63%) DevOps
16 13 (9.63%) Site Reliability Engineering
17 12 (8.89%) Analytical Skills
17 12 (8.89%) Stakeholder Management
18 11 (8.15%) Microsoft PowerPoint
18 11 (8.15%) Product Ownership

Banking Analyst Skill Set
Co-occurring Skills and Capabilities by Category

The follow tables expand on the table above by listing co-occurrences grouped by category. The same employment type, locality and period is covered with up to 20 co-occurrences shown in each of the following categories:

Application Platforms
1 3 (2.22%) Apache
1 3 (2.22%) Confluence
2 2 (1.48%) Apache Spark
3 1 (0.74%) Appian
Applications
1 14 (10.37%) Microsoft Excel
2 11 (8.15%) Microsoft PowerPoint
3 4 (2.96%) MS Visio
4 2 (1.48%) Microsoft Office
Business Applications
1 4 (2.96%) Oracle Subledger Accounting
2 3 (2.22%) SAP CO
2 3 (2.22%) SAP FI
2 3 (2.22%) SAP FI/CO
2 3 (2.22%) SAP S/4HANA
3 1 (0.74%) FLEXCUBE
3 1 (0.74%) Oracle Assets
3 1 (0.74%) Oracle EBS
3 1 (0.74%) Oracle EBS R12
3 1 (0.74%) Oracle Financials
3 1 (0.74%) Oracle General Ledger
3 1 (0.74%) Oracle Payables
3 1 (0.74%) Remedy ITSM
Cloud Services
1 8 (5.93%) Power Platform
2 4 (2.96%) AWS
3 3 (2.22%) dbt
4 2 (1.48%) Azure
5 1 (0.74%) OCI
5 1 (0.74%) Power Automate
5 1 (0.74%) PowerApps
Database & Business Intelligence
1 8 (5.93%) Power BI
2 6 (4.44%) Tableau
3 5 (3.70%) Big Data
4 3 (2.22%) Apache Arrow
4 3 (2.22%) Data Lake
4 3 (2.22%) Dremio
4 3 (2.22%) Hadoop
4 3 (2.22%) Impala
5 2 (1.48%) Apache Hive
5 2 (1.48%) NoSQL
5 2 (1.48%) RDBMS
5 2 (1.48%) Relational Database
5 2 (1.48%) SQL Server
6 1 (0.74%) Data Mining
6 1 (0.74%) Data Warehouse
6 1 (0.74%) Oracle Reports
Development Applications
1 6 (4.44%) JIRA
2 1 (0.74%) Git
General
1 135 (100.00%) Banking
2 110 (81.48%) Finance
3 29 (21.48%) Front Office
4 28 (20.74%) Investment Banking
5 27 (20.00%) Social Skills
6 24 (17.78%) Back Office
7 12 (8.89%) Analytical Skills
8 7 (5.19%) Corporate Banking
9 6 (4.44%) General Ledger
10 5 (3.70%) Organisational Skills
10 5 (3.70%) Retail Banking
11 3 (2.22%) Financial Institution
12 2 (1.48%) Inclusion and Diversity
12 2 (1.48%) Presentation Skills
13 1 (0.74%) Documentation Skills
13 1 (0.74%) Influencing Skills
13 1 (0.74%) Legal
13 1 (0.74%) Pharmaceutical
13 1 (0.74%) Prime Brokerage
13 1 (0.74%) Retail
Libraries, Frameworks & Software Standards
1 3 (2.22%) IDoc
1 3 (2.22%) XML
Miscellaneous
1 26 (19.26%) Derivative
2 21 (15.56%) Hedge funds
3 13 (9.63%) Foreign Exchange (FX)
4 11 (8.15%) Product Ownership
5 6 (4.44%) SWIFT Messaging Network
6 5 (3.70%) Equities
6 5 (3.70%) Management Information System
7 4 (2.96%) Fixed Income
8 3 (2.22%) Credit Risk
8 3 (2.22%) Greenfield Project
8 3 (2.22%) Reference Data
9 2 (1.48%) Analytical Mindset
9 2 (1.48%) Online Banking
10 1 (0.74%) CMDB
10 1 (0.74%) Equity Derivative
10 1 (0.74%) Market Risk
10 1 (0.74%) Mobile App
10 1 (0.74%) Self-Motivation
10 1 (0.74%) Synthetic Equity
10 1 (0.74%) Virtual Team
Processes & Methodologies
1 47 (34.81%) Change Management
2 28 (20.74%) Service Management
3 21 (15.56%) Asset Management
3 21 (15.56%) Investment Management
4 18 (13.33%) Mentoring
5 17 (12.59%) Agile
5 17 (12.59%) GAP Analysis
6 15 (11.11%) ITIL
6 15 (11.11%) ITSM
7 14 (10.37%) Business Analysis
7 14 (10.37%) Data Analysis
8 13 (9.63%) DevOps
8 13 (9.63%) Site Reliability Engineering
9 12 (8.89%) Stakeholder Management
10 8 (5.93%) Analytics
10 8 (5.93%) Migration
11 7 (5.19%) Visualisation
12 6 (4.44%) Risk Management
12 6 (4.44%) User Acceptance Testing
12 6 (4.44%) User Stories
Programming Languages
1 36 (26.67%) SQL
2 30 (22.22%) Python
3 18 (13.33%) C#
4 3 (2.22%) R
5 2 (1.48%) Java
5 2 (1.48%) VBA
6 1 (0.74%) C++
6 1 (0.74%) PL/SQL
Qualifications
1 8 (5.93%) Degree
2 4 (2.96%) SC Cleared
2 4 (2.96%) Security Cleared
3 1 (0.74%) ITIL Certification
3 1 (0.74%) ITIL Foundation Certificate
3 1 (0.74%) Master's Degree
3 1 (0.74%) MBA
3 1 (0.74%) Six Sigma Black Belt
3 1 (0.74%) Six Sigma Green Belt
3 1 (0.74%) Tableau Certification
Quality Assurance & Compliance
1 8 (5.93%) PMO
2 5 (3.70%) GAAP
3 4 (2.96%) EMIR
3 4 (2.96%) QA
3 4 (2.96%) SEPA
4 3 (2.22%) SLA
5 1 (0.74%) Basel II
5 1 (0.74%) Basel III
5 1 (0.74%) Data Quality
5 1 (0.74%) MiFID
Vendors
1 7 (5.19%) Microsoft
2 6 (4.44%) Oracle
2 6 (4.44%) ServiceNow
3 5 (3.70%) Bloomberg
4 3 (2.22%) FIS
4 3 (2.22%) GoldenSource
4 3 (2.22%) Salesforce
4 3 (2.22%) SAP
5 2 (1.48%) Alteryx
5 2 (1.48%) Calypso
5 2 (1.48%) Murex
5 2 (1.48%) Refinitiv
6 1 (0.74%) Ariba
6 1 (0.74%) BMC
6 1 (0.74%) Remedy